Resolute Mining Share Discussion Threads

[abcd1234] 17/4/2007 16:30

the RNS just released explains it

[abcd1234] 17/4/2007 16:07

any info as to why the rise??
t.i.a.

[the other kevin] 17/4/2007 13:50

Summat's ooop!

[the other kevin] 09/3/2007 12:40

Taking off again

[the other kevin] 18/8/2006 11:55

Got a mention in the IC by Mr Bearbull last week. Seventy per cent of the shares are held by directors, he says, and he puts RSG in his Top 10 list of companies which may become "tasty morsels for private equity's appetite." I continue to hold.

EDIT And, of course, don't forget the divi next week, which was the reason I bought in the first place. The yield then was a little over 5pc, as I recall.

[bench2] 18/8/2006 11:42

Any news to account for the big 40p jump to an all time high?

[bench2] 16/8/2006 16:28

Any reasons for the 15p rise today?

[8 ball] 27/7/2006 18:19

Up a few pence today..

Why the pick up ?

[tole] 09/12/2005 10:58

Reliance Security Likely To Keep Suffering

Friday, December 09, 2005 3:02:50 AM ET
Dow Jones Newswires

0646 GMT [Dow Jones] Reliance Security Group (RSG.LN) is likely to continue to suffer from the uncertain impact of a new regulatory environment, says KBC Peel Hunt, "although early indications of price recovery are encouraging." Says longer-term value is clear, both in manned guarding and the FM and BPO businesses. "Shorter-term, we reduce our FY 06/07 pretax estimate to allow for the impact of the GBP10M cash-back and possible volume reductions following a relatively aggressive pricing policy." Notes cash generation continues to be strong. At 13.3x FY 06/07E, the rating is in line with the sector, "which is probably fair until the prospects clarify." Shares closed at 517.5p. (SMT)

[tole] 01/12/2005 11:47

Seymour Pierce Keeps Reliance At Buy Post 1H

Thursday, December 01, 2005

0855 GMT [Dow Jones] Reliance Security's (RSG.LN) 1H results are well short of our expectations, Seymour Pierce says. Revenues are up by 5.2%, but the core Security Services business reported a fall of 3.7%. This shows the problems the company has experienced during the transition to mandatory private guard licensing. However, "we are now close to the end of the guard licensing process, and those companies that manage to get their staff registered will enjoy the benefits of a more regulated environment. This should enable additional costs to be passed through." Keeps buy recommendation with 580p target price. Shares +0.5% at 510p. (AST)

[tole] 01/12/2005 08:17

Tender offer of 1 in 13 at 550p with opportunity to tender more if available...

[tole] 30/11/2005 10:31

Thats more like it - starting to go nicely and putting on a few pence so far this week with a bit more interest here pre the results tomorrow...

[tole] 28/11/2005 15:36

Come on - Back to 540p... :)

[tole] 28/11/2005 09:13

Interim results thursday and tender offer details to come...still believe results will please.

The Directors of Reliance have now agreed the structure for the previously
announced cash return to shareholders of approximately #10 million. It is
expected that, subject to shareholder approval, this will be effected by an
on-market tender offer to shareholders to acquire part of their holdings for
cash.

Full details of the proposals (including a notice convening an extraordinary
general meeting) are expected to be posted to shareholders with the interim
statement shortly after the announcement of Reliance's interim results and the
end of the related close period. This announcement is currently scheduled for 1
December 2005 and it is expected that the tender offer will be made immediately
thereafter, conditional upon the passing of the necessary authorising special
resolution. In this way, it should be possible to distribute the tender sale
proceeds to accepting shareholders within the next three months. The price at
which the tender offer is made will be determined immediately prior to posting.

[tole] 25/11/2005 10:27

Inching back up - still looks good value to me - and the drop concerning the loss of the electronic monitoring contract was really already known to the market before the announcement imo - dont personally see it as a huge loss...

[tole] 25/11/2005 10:26

Inching back up - still looks good value to me - and the drop concerning the loss of the electronic monitoring contract was really already known to the market before the announcement imo - dont personally see it as a huge loss...

[tole] 11/9/2005 21:04

Armshares view - nice bit in the summary "A quality newcomer to the market" :)

Reliance Security Group PLC
Report updated: 7th September 2005

Most investors will know that Reliance Security, which transferred from the Official List in 2005, is a long-established private security company, covering mobile response, electronic surveillance and remote monitoring. Less familiar may be the fact that the large market addressed is challenging says the company, and eyes locked on the prospects of growth should be looking at the company's growing presence in a field of facilities management and business process outsourcing, which now contribute over one third of turnover - and raising.

But the maiden year on AIM sees both investors and management braced for a time of change as the move is at once part of a renewed focus on non-core interests (which means that the latest £10 million sale will not be around to make its contribution this year) and has coincided with the loss of an important electronic monitoring contract. A paliative is that the £10 million will be on its way to shareholders soon. And giving the new circumstances and new surroundings a good stir is the regulation of the industry, due to take place in 2006.

At the AGM on 7th September, the company reported that in the first few months of the current year it had performed in line with its expectations. The company expects to finalise proposals for returning £10 million to shareholders 'within the next few weeks'.

Research Standing
The dynamic factors in the situation at the time of writing make it difficult to be precise about future performance prospects, but the elements in situ cross-referenced to the price surely give management a fair-sized target to aim for in order to get the price up. A quality newcomer to the market.

[tole] 11/9/2005 09:21

Well putting profit before security doesnt sound all that bad :)


11 September 2005
RELIANCE LOSE TWO MORE TOP BOSSES
By Norman Silvester
PRISON security firm Reliance have been rocked by the resignations of two more senior managers.

The news comes a month after we revealed five bosses - including director of operations in Scotland Campbell O'Connell - had quit.
Now O'Connell's No.2 John Neilson and courts manager Barry Gunn have handed in their notice.
Neilson and Gunn were hired by O'Connell, who worked with them at Strathclyde Police.
Former chief superintendent Neilson was deputy director of operations.
Gunn, a former chief inspector, was responsible for courts in Ayrshire and Dumfries and Galloway.

Reliance have been slammed over their poor performance ferrying prisoners to court
More than 20 cons in their care have escaped since they took over the job from the police in March 2004.
Both O'Connell and Gunn are quitting after less than two years
They were in charge of setting up the privately-run prisoner escort system.

Many of the police officers recruited by Reliance say they have become disillusioned, claiming the company puts profit before security.

A Reliance spokeswoman yesterday confirmed Neilson and Gunn have left the firm.
She said: "We are not concerned by the recent loss of senior staff and do not consider their departure a major issue for the company."
The Scottish Executive are paying English firm Reliance £126million over seven years to escort prisoners across Scotland

[tole] 08/9/2005 18:50

Well we are back above where we were before the divi last week - so generally we have banked an additional 14.5p and news to come in the next few days on the 10m return of cash which should gather some more interest.

All looking good, especially if KBC Peel Hunt are right about long term the group could emerge even stronger regarding the current uncertainty over forthcoming regulation. They see a margin recovery and an associated re-rating would give a justified share price of 800p :)

[tole] 07/9/2005 18:02

Well done, appreciate that thanks.
Yep be back on CHR or FIF board later, especially with results due soon . All going great guns of late. :)

[faz] 07/9/2005 17:49

There y'go - see you on the Chelford site

[tole] 07/9/2005 12:54

Citywire
Wednesday Lunchtime Market:
Reliance Security (RSG) firmed 12.5p to 532.5p on news trading in the first few months of its financial year had met expectations. The group added it is 'well placed to benefit from the expected changes in the nature of security provision in the UK'.

[tole] 07/9/2005 12:43

Welcome back silverfern - been lonely in here lately :)
Dont suppose if you get time you can chuck a chart/newsflow in the header.
tia

[silverfern] 07/9/2005 11:26

Just bought back in